Bankruptcy Filing Reveals Tom Brady, Kevin O’Leary, and Coinbase Among FTX’s Top Creditors

Football star Tom Brady, companies under New England Patriots control Robert Kraft and crypto firms Blackrock, Coinbase, Lightspeed Venture Partners, Pantera Ventures and Tezos Foundation are among the names included in documents filed in bankruptcy court of Delaware as holders of FTX shares. .

According to filings, Brady owned 1,144,861 common shares, while Brady’s model, businesswoman and ex-wife Gisele Bündchen had 686,761. The former couple were at one point ambassador for FTX after taking stakes in the company in June 2021.

The Kraft Group, through KPC Venture Capital, held 634,144 common and preferred shares, and rival cryptocurrency exchange Coinbase held 5,284,899 common and preferred shares.

It is difficult to estimate the dollar value of the shares, as FTX crashed catastrophically before going public.

FTX has used its native FTT token to make corporate acquisitions, including the 2020 purchase of crypto holding company Blockfolio. At the time, the acquisition was valued at $150 million and was reportedly made with a mix of cash, crypto, and stocks.

In fact, 94% of the transaction was financed by FTT.

On November 6, 2022, Binance CEO Changpeng “CZ” Zhao posted on Twitter that the exchange would liquidate its entire FTT position, effectively eviscerating FTX, which filed for bankruptcy less than a year ago. week later.

Common and preferred stock listings represent a more conventional model of business ownership that will no longer come to fruition.

Prior to its collapse, FTX had an impressive roster of celebrities and athletes as ambassadors and spokespersons, including Brady, Bundchen, Shark Tank’s Kevin O’Leary and Golden State Warriors’ Steph Curry.

Although Curry and his SC30 company do not appear in Delaware filings, O’Leary’s company, O’Leary Productions, held 184,061 FTX common and preferred shares.

Speaking at the Senate Banking, Housing, and Urban Affairs Committee hearing in December, the famed businessman called Binance a “massive, unregulated monopoly,” alleging Binance deliberately caused the collapse from FTX.

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